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I need the above ratios (average payment period to fixed payment coverage ration) for the statements above. Sterling Company Income Statement for the Year Ended

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I need the above ratios (average payment period to fixed payment coverage ration) for the statements above.

Sterling Company Income Statement for the Year Ended December 31, 2022 Sales revenue $10,009,000 Less: Cost of goods sold 7,493,000 Gross profits $2,516,000 Less: Operating expenses Selling expense $301,000 General and administrative expenses 630,000 Lease expense 47,800 Depreciation expense 182,000 Total operating expense 1,160,800 Operating profits $1,355,200 Less: Interest expense 212,000 Net profits before taxes $1,143,200 Less: Taxes (rate = 21%) 240,072 Net profits after taxes $903,128 Less: Preferred stock dividends 44,800 Earnings available for common stockholders $858,328 Earnings per share (EPS) $4.27 1 Sterling Company Balance Sheet December 31, 2022 2 Assets Liabilities and Stockholders' Equity 3 Current assets Current liabilities # Cash $196,000 Accounts payable [b] $886,000 5 Marketable securities 47800 Notes payable 209000 5 Accounts receivable 790000 Accruals 118000 7 Inventories 953000 Total current liabilities $1,213,000 3 Total current assets $1,986,800 Long-term debt (includes 2 financial leases) [C] $3,033,050 O Gross fixed assets (at cost) (a) $12,001,000 Stockholders' equity 1 Less: Accumulated depreciation 2986000 Preferred stock (25,600 2 Net fixed assets $9,015,000 shares, $1.75 dividend) $1,006,000 3 Common stock (201,000 4 Other assets $1,003,000 shares at $2.75 par) (d) 552750 5 Paid-in capital in excess of 6 par value 5175000 7 Retained earnings 1025000 8 Total stockholders' equity $7,758,750 Total liabilities and 0 Total assets $12,004,800 stockholders' equity $12,004,800 1 [a] The firm has an 8-year financial lease requiring annual beginning-of-year payments of $47800. Five years of the lease have yet to run. 2 [b] Annual credit purchases of $6,218,000 were made during the year. 3 [c] The annual principal payment on the long-term debt is $104,000. 4 [d] On December 31, 2022, the firm's common stock closed at $39.77 per share. Average payment period Total asset turnover Debt ratio Times interest earned ratio Fixed-payment coverage ratio 58.3 days 0.74 0.20 8.1 4.9 60.6 days 0.80 0.20 45.4 days 0.74 0.30 7.9 4.6 72 4.6 Sterling Company Income Statement for the Year Ended December 31, 2022 Sales revenue $10,009,000 Less: Cost of goods sold 7,493,000 Gross profits $2,516,000 Less: Operating expenses Selling expense $301,000 General and administrative expenses 630,000 Lease expense 47,800 Depreciation expense 182,000 Total operating expense 1,160,800 Operating profits $1,355,200 Less: Interest expense 212,000 Net profits before taxes $1,143,200 Less: Taxes (rate = 21%) 240,072 Net profits after taxes $903,128 Less: Preferred stock dividends 44,800 Earnings available for common stockholders $858,328 Earnings per share (EPS) $4.27 1 Sterling Company Balance Sheet December 31, 2022 2 Assets Liabilities and Stockholders' Equity 3 Current assets Current liabilities # Cash $196,000 Accounts payable [b] $886,000 5 Marketable securities 47800 Notes payable 209000 5 Accounts receivable 790000 Accruals 118000 7 Inventories 953000 Total current liabilities $1,213,000 3 Total current assets $1,986,800 Long-term debt (includes 2 financial leases) [C] $3,033,050 O Gross fixed assets (at cost) (a) $12,001,000 Stockholders' equity 1 Less: Accumulated depreciation 2986000 Preferred stock (25,600 2 Net fixed assets $9,015,000 shares, $1.75 dividend) $1,006,000 3 Common stock (201,000 4 Other assets $1,003,000 shares at $2.75 par) (d) 552750 5 Paid-in capital in excess of 6 par value 5175000 7 Retained earnings 1025000 8 Total stockholders' equity $7,758,750 Total liabilities and 0 Total assets $12,004,800 stockholders' equity $12,004,800 1 [a] The firm has an 8-year financial lease requiring annual beginning-of-year payments of $47800. Five years of the lease have yet to run. 2 [b] Annual credit purchases of $6,218,000 were made during the year. 3 [c] The annual principal payment on the long-term debt is $104,000. 4 [d] On December 31, 2022, the firm's common stock closed at $39.77 per share. Average payment period Total asset turnover Debt ratio Times interest earned ratio Fixed-payment coverage ratio 58.3 days 0.74 0.20 8.1 4.9 60.6 days 0.80 0.20 45.4 days 0.74 0.30 7.9 4.6 72 4.6

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